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SDKU submits legislation to prevent repeat of platinum scandal

A legislative proposal submitted by Justice Minister Lucia Žitňanská and MP Miroslav Beblavý from the Slovak Democratic and Christian Union (SDKÚ) is designed to prevent similar sales like the recent dubious ones made by the State Material Reserves Administration (ŠSHR), the TASR newswire reported. The proposal requires that any movable assets worth more than €10,000 should be sold under the same rules that apply to the sale of real property.

A legislative proposal submitted by Justice Minister Lucia Žitňanská and MP Miroslav Beblavý from the Slovak Democratic and Christian Union (SDKÚ) is designed to prevent similar sales like the recent dubious ones made by the State Material Reserves Administration (ŠSHR), the TASR newswire reported.

The proposal requires that any movable assets worth more than €10,000 should be sold under the same rules that apply to the sale of real property.

"The scandal at ŠSHR has been linked to our political party and my colleagues and I don't want to be blind to these problems," said Žitňanská, as quoted by TASR.

ŠSHR sold 63 kilograms of platinum mesh with an admixture of rhodium for €667,000, when the market price was reported to be around €2.5 million. The mesh was bought by a company called Heneken, owned by Michal Hudoba, who ran on the SDKÚ slate in the 2006 general election. Earlier this week it was revealed that ŠSHR also sold heavy fuel oil under questionable circumstances. The state allegedly lost around €1 million in the fuel oil trade.

According to the proposed stricter rules, e-auctions will be announced sufficiently in advance and the relevant information will be posted on various websites, including that of the Finance Ministry, the SITA newswire wrote. The e-auction itself must last at least an hour and if a bid is submitted shortly before its end, the time to send additional offers will be automatically extended.

Source: TASR, SITA

Compiled by Zuzana Vilikovská from press reports
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